4.24 Thursday Evening Bitcoin and Ethereum Market Analysis and Trading Suggestions

When the candlestick repeatedly fails in the resistance zone, and the market tests human nature with violent fluctuations, we see a clearer landscape through the technical fog—this is not the end of the trend, but a ticket to enter granted by the market to the wise! Remember: the market always rewards those who adhere to discipline during fluctuations and maintain clarity during panic. Tonight, let us continue to use data as our shield and strategies as our sword to reap the excess dividends belonging to the rational in this round of long and short battles! In the afternoon, the market entered a technical correction phase, with Bitcoin first testing the support level of 91619, and Ethereum simultaneously testing the low point of 1721. After hitting the bottom, a bullish counterattack quickly formed, enhancing the rebound momentum during the session. In this round of corrective market, we accurately predicted the market rhythm, entering a short position for Bitcoin at 93100 and actively taking profit at 91900, achieving a gain of 1200 points. For Ethereum, we entered a short position at 1785 and exited at 1725, securing a gain of 60 points.

From a technical analysis perspective, the current market shows a complex pattern of multi-cycle resonance. On the daily level, prices are facing strong resistance in the densely traded area above, which is composed of multiple moving average systems creating a suppression band. This level of pressure area often requires a time-for-space digestion process. On the 4-hour level, although DIF and DEA remain above the zero axis, short-term upward momentum is weakening. Combined with the Bollinger Bands indicator, prices have returned from the upper Bollinger band to the middle band. This technical correction falls within the category of healthy adjustments in a strong market, and the outlook remains bullish for the evening.

Bitcoin: Buy around 92000, short-term target 94500

Ethereum: Buy around 1730, short-term target 1820